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Binance Uses Up To 50x Leverage To Launch NEO/USDT Futures Product

Binance confirms that a new futures product tracking crypto-asset NEO will be launched on Feb 17. According to the announcement, the NEO/USDT once the product is been launched, traders will be able to select leverage. The fees that the exchange imposes on trades of the contract in question are a 2% base initial margin rate, 1% base maintenance margin rate and a 0.5% liquidation fee.